Brazil Potash highlights binding offtake contracts covering 91% of planned capacity
GRO•Brazil Potash says binding offtake contracts cover 91% of planned capacity at its Autazes project, where early construction has begun. The company estimates $2.5 billion in capital expenditure to reach full production and annual EBITDA of $1 billion over a projected 23-year mine life.
1. Project and contracts
Brazil Potash has begun early construction at its fully permitted Autazes potash project. Binding offtake contracts cover 91% of nameplate capacity; projected annual output is 2.4 million short tons, and estimated capital expenditure to reach full production is $2.5 billion.
2. Financing milestones
The company estimates annual EBITDA of $1 billion over a projected 23-year mine life. Upcoming financing milestones include a potential equity partner, construction debt and funding for supporting infrastructure.
